"Israel's venture capital and startup industry is headed for collapse," says Zeev Holtzman, Partner at Giza Venture Capital, one of the top VC firms in Israel, said to Venture Capital Journal (via PEHub).
Famously and strikingly, last year zero dollars in new venture funds were raised. This year things are looking up, with another big Israeli VC, Pitango, raising $350 million. But the picture is still dire.
Why is Israel, the "Startup Nation" with more Nasdaq-listed companies per capita than any other country, in such a funk?
One reason is that Israeli startups have often been specialized in sectors like security, semiconductors and networking equipment, which can be capital-intensive and that many feel are "played out" for startups.
To read the full, original article click on this link: "Israel's VC Industry Is Headed For Collapse"
Author:Pascal-Emmanuel Gobry
